Required Information. Problem 17-2A (Algo) Ratios, common-size statements, and trend percents LO P1, P2, P3 [The following information applies to the questions displayed below] Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income 2021 $ 396,891 238.928 2020 $ 304,051 2019 $ 211,000 190,336 135,040 157,963 113,715 75,968 56,359 41,959 27,852 35,720 26,756 17,513 92,079 68,715 45.365 65,884 45,000 30,595 12,254 9,225 6,211 $ 53,630 $ 35,775 24,384 KORBIN COMPANY Comparative Balance Sheets December 31 2021 2020 2019 Assets Current assets Long-term investments Plant assets, net $ 61,460 B 117,725 Total assets $ 179,185 $ 148,848 $ 41,136 1.000 106,712 $ $4,989 3.260 65,072 5 123 321 Current liabilities Liabilities and Equity Common stock Other paid-in capital Retained earnings $ 26,161 71,000 8,875 73,149 $ 22,178 71.000 8,875 46,795 $ 21,581 53,000 5.889 42,851 Total liabilities and equity $ 179,185 $ 148,848 $ 123,321 Problem 17-2A (Algo) Part 3 3. Complete the below table to calculate the balance sheet data in trend percents with 2019 as base year. Note: Round your percentage answers to 2 decimal places. KORBIN COMPANY Balance Sheet Data In Trend Percente December 31, 2021, 2020 and 2015 Assets Current assets Long-term investments Plant assets, net Total assets Liabilities and Equity 2021 2020 2019 100.00 % 100.00 100.00 100.00% Current liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity 100.00 100.00 100.00 100.00 100.00%